Buffett’s Berkshire Hathaway Makes Print Play, Acquires 63 Media General Newspapers

RICHMOND, VA—May 17, 2012—Media General has signed agreements with Warren Buffett’s Berkshire Hathaway investment firm for the purchase of newspapers and new financing. A subsidiary of Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa group, for $142 million in cash.